@Mr_Derivatives Heโs basically tryna copy Genghis Khan with kids and moneyโbut still gotta catch up on both lolโฆ I mean, Genghis Khan is believed to have millions of descendants today, so thatโs a pretty high bar ๐
This looks like a clear case where the call was sold. The stock was at its peak yesterday, and now that contract is $0.02.
Please adjust the algorithm โwhen calls are sold on a high-volume day, it should not automatically be interpreted as a bullish signal. @CheddarFlow
$QCOM
Spot: ~203
Short Puts
Expiration: 6/18
Expected Move: +/- 27
IVR: 100
IVP: 100
IV/HV: 0.97
6/18 175 Strike Short Puts collecting a Net Credit ~3.90 which represents around 2% of the underlying and ~16% discount from current levels, if assigned, but with ~81% PoP of being OTM.
Breakeven: 171